Just a heads up I believe that is the US rule for was trades. Ours is a little different and not as black and white
for us you just need to be able to be able to show a good reason for selling and that it wasn't just for a tax benefit (and likely that it's not an anomaly to your usual trading pattern). Obviously the time between when you sold and rebought is a factor in this but I believe in the US is a very black and white 30 day rule
A good reason for selling I believe can be as simple as you think the price was going to go down and wanted to sell to buy back in lower (the tax benefit of realising a loss might just be secondary to this).
above is imo based on conversations I have had. I am not an accountant. Always best to talk to an expert before you do something that might hurt you financially
Just a heads up I believe that is the US rule for was trades....
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Last
$1.77 |
Change
0.015(0.86%) |
Mkt cap ! $300.6M | |||
| Open | High | Low | Value | Volume |
| $1.82 | $1.82 | $1.77 | $91.78K | 51.30K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 31147 | $1.73 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.80 | 8318 | 1 |
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| Last trade - 15.59pm 10/07/2024 (20 minute delay) ? |
| RAC (ASX) Chart |